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PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1469872
PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1469872
Global Instant Payments Market: 2024-2028
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| KEY STATISTICS | |
|---|---|
| Total value of instant payments in 2024: | $22tn |
| Total value of instant payments in 2028: | $58tn |
| 2024 to 2028 market growth: | 161% |
| Forecast period: | 2024-2028 |
Overview
Our 'Instant Payments' research suite provides a detailed and insightful analysis of this evolving market; enabling stakeholders from banks, infrastructure providers, regulators, and businesses to understand future growth, emerging trends, and the competitive environment.
The suite includes several different options that can be purchased separately, including access to data mapping the adoption and future growth of real-time payments, an intuitive study uncovering the latest trends and opportunities within the market, and a document containing extensive analysis of the 17 market leaders in the instant payments space. The coverage can also be purchased as a Full Research Suite, containing all of these elements, and including a substantial discount.
Collectively, they provide a critical tool for understanding this rapidly emerging market; allowing banks, financial institutions and infrastructure providers to shape their future strategy. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of such an uncertain and rapidly growing market.
Key Features
- Market Landscape: Insights into emerging trends and drivers of the expansion of the instant payments market; addressing factors limiting its growth, such as scam risk and business hesitancy. It provides analysis of the different use cases in both the consumer and business sectors, breaking down which have witnessed different adoption rates among instant payment services. Juniper Research's Country Readiness Index positions 60 countries in their relative place in the real-time payments space, their readiness for the technology and their future growth.
- Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the real-time payments market, accompanied by key strategic recommendations for stakeholders.
- Benchmark Industry Forecast: This provides an overview of the instant payments market, including the volume and value of instant payments transactions, split by B2B and consumer payments, and by domestic and cross-border payments.
- Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 17 instant payments vendors, via the Juniper Research Competitor Leaderboard, featuring major players in the instant payments provider space.
SAMPLE VIEW
Market Data & Forecasting Report
The numbers tell you what's happening, but our written report details why, alongside the methodologies.
Market Trends & Strategies Report
A comprehensive analysis of the current market landscape, alongside strategic recommendations.
Market Data & Forecasting Report
The market-leading research suite for the Instant Payments market includes access to the full set of forecast data of 39 tables and 15,000 datapoints. Metrics in the research suite include:
- Total Number of Instant Payments
- Total Value of Instant Payments
These metrics are provided for the following key market splits:
- Consumer Instant Payments
- Domestic Consumer Instant Payments
- Cross-border Consumer Instant Payments
- B2B Instant Payments
- Domestic B2B Instant Payments
- Cross-border B2B Instant Payments
Juniper Research's Interactive Forecast Excel contains the following functionalities:
- Statistics Analysis: Users benefit from the ability to search for specific metrics, displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
- Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
- Country Comparison Tool: Users can select and compare specific countries. The ability to export graphs is included in this tool.
- What-if Analysis: Here, users can compare forecast metrics against their own assumptions, via 5 interactive scenarios
Market Trends & Strategies Report
This report examines the 'Instant Payments' market landscape in detail; assessing the market trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for real-time payments providers; addressing different payment types, the challenges each faces, and how stakeholders can overcome them. It looks at key trends such as the launch of FedNow service and the integration of value-added services, such as request for payment. It also provides analysis of the place of instant payments usage within 60 countries using Juniper Research's Country Readiness Index.
Competitor Leaderboard Report
The Competitor Leaderboard report provides a detailed evaluation and market positioning for 17 leading vendors in the 'Instant Payments' space. The vendors are positioned as established leaders, leading challengers, or disruptors and challengers based on capacity and capability assessments:
- ACI Worldwide
- Bottomline
- Finastra
- FIS
- Fiserv
- FSS
- Jack Henry
- Mastercard
- Montran Corporation
- Nexi
- Pelican AI
- SWIFT
- Tata Consultancy Services
- Tietoevry
- Visa
- Volante Technologies
- Worldline
This document is centred around the Juniper Research Competitor Leaderboard; a vendor positioning tool that provides an at-a-glance view of the competitive landscape in a market; backed by a robust methodology.
Table of Contents
Market Trends & Strategies
1. Key Takeaways & Strategic Recommendations
- 1.1 Key Takeaways
- 1.2. Strategic Recommendations
2. Market Landscape
- 2.1. Introduction
- 2.1.1. How Instant Payments Work
- i. The Clearing House RTP
- Figure 2.1: The Clearing House RTP Network
- ii. SEPA
- Figure 2.2: Map of SEPA Member Countries
- iii. SWIFT
- iv. PayPal
- v. Other Payment Rails
- i. The Clearing House RTP
- 2.1.2. Background
- 2.1.1. How Instant Payments Work
- 2.2. Current State of the Market
- 2.2.1. Key Drivers of Instant Payments
- 2.2.2. Emerging Trends
3. Consumer Payments Versus B2B Payments
- 3.1. Introduction
- 3.2. Consumer
- 3.2.1. P2P
- 3.2.2. Merchant Payments
- i. eCommerce
- ii. POS
- 3.3. B2B
- 3.3.1. Payment Types
- i. Bank Transfers
- ii. Expenses Payments
- iii. Corporate Transactions
- iv. Mobile Financial Services
- v. B2B eCommerce
- 3.3.2. Challenges
- 3.3.1. Payment Types
4. Country Readiness Index
- 4.1. Introduction
- Figure 4.1: Juniper Research's 8 Key Regions Definition
- Table 4.2: Juniper Research Country Readiness Index Scoring Criteria: Instant Payments
- Figure 4.3: Juniper Research Country Readiness Index: Instant Payments
- Table 4.4: Instant Payments Country Readiness Index: Market Segments
- 4.1.1. Focus Markets
- i. Established Instant Payment Rails
- ii. Institutional Support
- iii. Country-level Assessment: The US
- 4.1.2. Growth Markets
- i. Emerging Economies
- ii. Developed Economies
- iii. Country-level Assessment: The UAE
- 4.1.3. Saturated Market
- i. Cross-border Cooperation
- ii. Additional Services
- iii. Country-level Assessment: The UK
- 4.1.4. Developing Market
- i. Limited Infrastructure
- ii. Country-level Assessment: Mexico
- Table 4.5: Juniper Research's Country Readiness Index Heatmap: North America
- Table 4.6: Juniper Research's Country Readiness Index Heatmap: Latin America
- Table 4.7: Juniper Research's Country Readiness Index Heatmap: West Europe
- Table 4.8: Juniper Research's Country Readiness Index Heatmap: Central & East Europe
- Table 4.9: Juniper Research's Country Readiness Index Heatmap: Far East & China
- Table 4.10: Juniper Research's Country Readiness Index Heatmap: Indian Subcontinent
- Table 4.11: Juniper Research's Country Readiness Index Heatmap: Rest of Asia Pacific
- Table 4.12: Juniper Research's Country Readiness Index Heatmap: Africa & Middle East
Competitor Leaderboard
1. Juniper Research Competitor Leaderboard
- 1.1. Why Read This Report?
- Table 1.1: Juniper Research Competitor Leaderboard: Instant Payments Vendors Included & Product Portfolio
- Figure 1.2: Juniper Research Competitor Leaderboard for Instant Payments
- Table 1.3: Juniper Research Instant Payments Vendors & Positioning
- Table 1.4: Juniper Research's Competitor Leaderboard Heatmap - Instant Payments Vendors
2. Company Profiles
- 2.1. Vendor Profiles
- 2.1.1. ACI Worldwide
- i. Corporate
- Table 2.1: ACI Worldwide's Financial Snapshot ($m), 2020-2022
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.2. Bottomline
- i. Corporate
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- 2.1.3. Finastra
- i. Corporate
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- 2.1.4. FIS
- i. Corporate
- Table 2.2: FIS' Financial Snapshot ($m), 2020-2022
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.5. Fiserv
- i. Corporate
- Table 2.3: Fiserv's Financial Snapshot ($m), 2020-2022
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.6. FSS
- i. Corporate
- Table 2.4: FSS' Rounds of Funding ($m), 2000-2014
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.7. Jack Henry
- i. Corporate
- Table 2.5: Jack Henry's Financial Snapshot ($m), 2021-2023
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.8. Mastercard
- i. Corporate
- Table 2.6: Mastercard's Financial Snapshot ($m), 2020-2022
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- Figure 2.7: Mastercard's Real-time Payments Solution
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.9. Montran Corporation
- i. Corporate
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- 2.1.10. Nexi
- i. Corporate
- Table 2.8: Nexi's Financial Snapshot ($m), 2020-2022
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.11. Pelican AI
- i. Corporate
- Geographic Spread
- ii. Key Clients & Strategic Partnerships
- iii. High-level View of Offering
- iv. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.12. SWIFT
- i. Corporate
- Table 2.9: SWIFT's Financial Snapshot ($m), 2020-2022
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.13. Tata Consultancy Services
- i. Corporate
- Table 2.10: Tata Consultancy Services' Financial Snapshot ($m), 2021-2023
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.14. Tietoevry
- i. Corporate
- Table 2.11: Tietoevry's Financial Snapshot ($m), 2021-2023
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- Figure 2.12: Instant Payments for Participants Schematic
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.15. Visa
- i. Corporate
- Table 2.13: Visa's Financial Snapshot ($m), 2020-2022
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.16. Volante Technologies
- i. Corporate
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- 2.1.17. Worldline
- i. Corporate
- Table 2.14: Worldline's Financial Snapshot ($m), 2021-2023
- ii. Geographic Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offering
- v. Juniper Research's View: Key Strength & Strategic Development Opportunities
- i. Corporate
- 2.1.1. ACI Worldwide
- 2.2. Juniper Research Competitor Leaderboard Assessment Methodology
- 2.2.1. Limitations & Interpretations
- Table 2.15: Juniper Research's Competitor Leaderboard Scoring Criteria - Instant Payments
- 2.2.1. Limitations & Interpretations
Data & Forecasting
1. Instant Payments: Introduction & Methodology
- 1.1. Introduction
- 1.2. Methodology & Assumptions
- Figure 1.1: Consumer Instant Payments Methodology
- Figure 1.2: B2B Instant Payments Methodology
2. Market Summary
- 2.1. Total Volume
- Figure & Table 2.1: Total Volume of Instant Payments per annum (m), Split by 8 Key Regions, 2023-2028
- 2.2. Total Value
- Figure & Table 2.2: Total Value of Instant Payments per annum ($m), Split by 8 Key Regions, 2023-2028
- 2.3. Domestic Transactions
- Figure & Table 2.3: Total Value of Instant Domestic Payments per annum ($m), Split by 8 Key Regions, 2023-2028
- 2.4. Cross-border Transactions
- Figure & Table 2.4: Total Value of Instant Cross-border Payments per annum ($m), Split by 8 Key Regions, 2023-2028
3. B2B Payments
- 3.1. B2B Volume
- Figure & Table 3.1: Total Number of Instant B2B Transactions per annum (m), Split by 8 Key Regions, 2023-2028
- 3.2. B2B Value
- Figure & Table 3.2: Total Value of Instant Payment B2B Transactions per annum ($m), Split by 8 Key Regions, 2023-2028
- 3.3. Domestic B2B Transactions
- Figure & Table 3.3: Total Value of Instant Payment Domestic B2B Transactions per annum ($m), Split by 8 Key Regions, 2023-2028
- 3.4. Cross-border B2B Transactions
- Figure & Table 3.4: Total Value of Cross-border B2B Payments via Instant Payment per annum ($m), Split by 8 Key Regions, 2023-2028
4. Consumer Payments
- 4.1. Total Volume
- Figure & Table 4.1: Total Number of Instant Payment Consumer Transactions per annum (m), Split by 8 Key Regions, 2023-2028
- 4.2. Total Value
- Figure & Table 4.2: Total Value of Instant Payment Consumer Transactions per annum ($m), Split by 8 Key Regions, 2023-2028
- 4.3. Domestic Consumer Transactions
- Figure & Table 4.3: Total Value of Instant Payment Domestic Consumer Transactions per annum ($m), Split by 8 Key Regions, 2023-2028
- 4.4. Cross-border Consumer Transactions
- Figure & Table 4.4: Total Value of Instant Payment Cross-border Consumer Transactions per annum ($m), Split by 8 Key Regions, 2023-2028
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